Alibaba Cloud plans $1 bn investment in enhancing partner capabilities

Alibaba Cloud announced it will make an investment of $1 billion in three fiscal years to boost its partner capabilities and gain more share in the Cloud market globally.
Alibaba Cloud IndiaAlibaba Cloud is currently the world’s third-largest public cloud provider, according to the latest Gartner report. Alibaba Cloud has 84 availability zones in 27 regions. Alibaba Cloud increased its market share across verticals including transportation, banking and investment services, insurance, manufacturing and natural resources, and wholesale trade, with revenue growth between 49-67.5 percent for these sectors from a year earlier.

This investment consists of both financial and non-financial incentives, such as funding, rebates and go-to-market initiatives.

“With more enterprises moving to the cloud and an increase in demand for cloud services in a hybrid environment, Alibaba Cloud has made available globally a series of its proven infrastructure products, a multi-model cloud-native database and distributed cloud services,” it said.

Alibaba Cloud launched a Regional Accelerator program to provide partners operating in different markets with a localised business collaboration model.

Alibaba Cloud ecosystem partners including resellers, technology partners (ISV, SaaS and SI), service and consulting partners can benefit from the program.

“Partners have always been a key focus for Alibaba Cloud, and we are committed to providing them with strong support for our ongoing co-creation and value-add – both technologically and commercially – to empower our joined customers,” said Selina Yuan, Alibaba Cloud Intelligence International President.

“Our revamped partner strategy prioritizes our partners’ growth. By continuing to support our partners’ business expansion, we can build an inclusive ecosystem benefiting partners and customers,” Selina Yuan said.